Ann Arbor Savings Bank
REPORT OF THE CONDITION OF THE
ANN ARBOR SAVINGS BANK
At Ann Arbor, Michigan, at the close of business, Dec. 1, 1898.
RESOURCES. LIABILITIES.
Loans and Discounts, $437,953 26
Stock. Bonds, Mortgages 659,911 59 Capital stock in $50,000 00
United States and Mich. State Bonds 24,700 00 Surplus fund, 150,000 00
Overdraft 1.984 86 Undivided profits less current expen-
Banking House 20,500 00 ses, interest and taxes paid 14,964 16
Furniture and Fixtures 7,417 32
Other Real Estate 48,781 43 Dividends unpaid 398 00
CASH.
Due from banks in reserve cities ... 151,679 32 DEPOSITS.
Due from Treasurer School Dist. No.
1 Ann Arbor 10,282 30 Commercial deposits, subject to
Exchanges for clearing house 3,490 93 check 199, 562 21
Checks and cash items 765 38 81 Savings Deposits 828, 610 79
Nickels and cents 324 57 Savings Certificates of Deposits 101, 204 29
Gold coin. 40,267 60
Silver coin - 1,366 00 Due to Banks and Bankers 22, 653 91
U. S. and National Bank Notes 27,980 00
_______________ _______________
$1,437,393 36 $1,437,393 36
STATE OF MICHIGAN } ss.
County of Washtenaw.
I, Charles E. Hiscock, cashier of the above named bank. do solemnly swear that the above statement is true to the best of my knowledge and belief.
CHAS. E. HISCOCK, Cashier,
Subscribed and sworn to before me, this 6th day of December. I898.
MICHAEL J. FRITZ Notary Public.
CORRECT ATTEST: Christian Mack, W, D. Harriman, L.. Gruner, Directors.
Capital, $50,000. Surplus, $150,000. Resources, $1,000,000.
Transacts a general banking business; buys and sells exchanges on New York, Detroit and Chicago; sells drafts on all the principal cities of Europa This bank, already having a large business, invites merchants and others to open accounts with them with the assurance of the most liberal dealing consistent with safe banking.
In the Savings Department interest at the rate of three per cent. is paid semi-annually, on the first days of January and July, on all sums that were deposited three months previous to those days, thus affording the people of this city and county a perfectly safe depository for their funds, together with a return interest for the same. Money to loan on approval securities.
DIRECTORS..- Christian Mack, Daniel Hiscock, Willard B. Smith, W. D Harriman, William Deubel, David Rinsey, L. Gruner.
OFFICERS.- Christian Mack, Resident; W.D. Harriman, Vice-President Chas. E. Hiscock, Cashier M. J. Fritz Ass't-Cashier.
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Old News
Ann Arbor Argus-Democrat